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Guideline Value

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Guideline Value for N.S.K. NAGAR 25 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 25 Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on N.s.k. Nagar 25 Street

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N.S.K. Nagar 25 Street guideline value

The current guideline value of N.S.K. Nagar 25 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of N.S.K. Nagar 25 Street has changed

The guideline value for N.S.K. Nagar 25 Street has undergone several revisions over the years. In 2007, the guideline value was Rs 850 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

In summary, the changes between the revisions are notable. From 2017 to 2023, there was a substantial increase of 49%. The rise from 2007 to 2012 was marked by a 371% increase, while the overall change from 2007 to 2024 shows an impressive increase of 418%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for N.S.K. Nagar 25 Street is below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 25 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.K. Nagar 25 Street?

The N.S.K. Nagar 25 Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Arumbakkam

The guideline value plays a crucial role in the registration process of property transactions in Arumbakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented correctly.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations involved in property transactions. Accurate knowledge of the guideline value can help in planning the budget for the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 25 Street?

The current guideline value of N.S.K. Nagar 25 Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 418% over the years.

What is the land classification for N.S.K. Nagar 25 Street?

N.S.K. Nagar 25 Street is classified as Residential Class IV Type - II, which is relevant for property transactions and regulations in the area.

What are the stamp duty and registration fees for this street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for N.S.K. Nagar 25 Street?

The Kodambakkam Sub Registrar Office covers N.S.K. Nagar 25 Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.